KEI Industries Ltd
Incorporated in 1968, KEI Industries Ltd manufactures wires and cables (W&C) like EHV cables, HT cables, LT cables, and sells them in India and overseas[1]
- Market Cap ₹ 38,850 Cr.
- Current Price ₹ 4,064
- High / Low ₹ 4,706 / 2,424
- Stock P/E 49.1
- Book Value ₹ 647
- Dividend Yield 0.10 %
- ROCE 21.3 %
- ROE 15.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 22.1% CAGR over last 5 years
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Cables - Electricals
Part of BSE 500 BSE Capital Goods Nifty 500 BSE MidCap Nifty Midcap 100
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,033 | 2,351 | 2,628 | 3,466 | 4,231 | 4,888 | 4,182 | 5,727 | 6,908 | 8,121 | 9,736 | 10,704 | |
| 1,839 | 2,108 | 2,360 | 3,126 | 3,790 | 4,391 | 3,726 | 5,138 | 6,206 | 7,267 | 8,745 | 9,629 | |
| Operating Profit | 194 | 243 | 269 | 339 | 441 | 497 | 456 | 589 | 702 | 854 | 991 | 1,074 |
| OPM % | 10% | 10% | 10% | 10% | 10% | 10% | 11% | 10% | 10% | 11% | 10% | 10% |
| 5 | 6 | 10 | 9 | 7 | 17 | 20 | 15 | 32 | 32 | 72 | 128 | |
| Interest | 121 | 127 | 124 | 112 | 136 | 129 | 57 | 40 | 35 | 44 | 56 | 57 |
| Depreciation | 25 | 25 | 28 | 32 | 34 | 57 | 58 | 55 | 57 | 61 | 70 | 78 |
| Profit before tax | 53 | 96 | 126 | 204 | 278 | 328 | 361 | 508 | 642 | 781 | 937 | 1,067 |
| Tax % | 35% | 35% | 26% | 29% | 35% | 22% | 25% | 26% | 26% | 26% | 26% | |
| 34 | 63 | 94 | 145 | 181 | 256 | 270 | 376 | 477 | 581 | 696 | 791 | |
| EPS in Rs | 4.43 | 8.10 | 12.04 | 18.47 | 22.92 | 28.64 | 29.92 | 41.73 | 52.93 | 64.35 | 72.88 | 82.74 |
| Dividend Payout % | 9% | 6% | 5% | 5% | 5% | 5% | 7% | 6% | 6% | 5% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 15% |
| 3 Years: | 19% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 22% |
| 3 Years: | 23% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 44% |
| 5 Years: | 64% |
| 3 Years: | 37% |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 18% |
| 3 Years: | 18% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 16 | 16 | 16 | 18 | 18 | 18 | 18 | 18 | 19 | 19 |
| Reserves | 288 | 352 | 446 | 589 | 762 | 1,489 | 1,756 | 2,118 | 2,571 | 3,130 | 5,767 | 6,169 |
| 452 | 498 | 813 | 842 | 599 | 367 | 333 | 355 | 162 | 166 | 217 | 235 | |
| 588 | 599 | 622 | 773 | 1,387 | 1,395 | 902 | 1,036 | 1,019 | 1,342 | 1,232 | 1,585 | |
| Total Liabilities | 1,345 | 1,464 | 1,896 | 2,220 | 2,764 | 3,269 | 3,008 | 3,527 | 3,770 | 4,656 | 7,235 | 8,008 |
| 298 | 328 | 405 | 407 | 489 | 554 | 537 | 531 | 567 | 770 | 993 | 1,128 | |
| CWIP | 4 | 29 | 3 | 23 | 32 | 11 | 7 | 17 | 15 | 121 | 385 | 1,051 |
| Investments | 3 | 3 | 3 | 3 | 2 | 1 | 1 | 2 | 1 | 2 | 2 | 2 |
| 1,039 | 1,103 | 1,485 | 1,787 | 2,242 | 2,703 | 2,463 | 2,978 | 3,187 | 3,764 | 5,854 | 5,827 | |
| Total Assets | 1,345 | 1,464 | 1,896 | 2,220 | 2,764 | 3,269 | 3,008 | 3,527 | 3,770 | 4,656 | 7,235 | 8,008 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 199 | 186 | -29 | 191 | 623 | -13 | 154 | 229 | 514 | 610 | -32 | |
| -17 | -98 | -63 | -76 | -275 | 11 | 75 | -58 | -137 | -353 | -1,501 | |
| -182 | -87 | 229 | -69 | -386 | 99 | -129 | -31 | -256 | -72 | 1,919 | |
| Net Cash Flow | 0 | 1 | 137 | 45 | -38 | 97 | 101 | 139 | 121 | 186 | 386 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 88 | 114 | 108 | 94 | 102 | 118 | 89 | 73 | 68 | 67 |
| Inventory Days | 109 | 95 | 114 | 97 | 95 | 103 | 102 | 96 | 79 | 84 | 87 |
| Days Payable | 119 | 97 | 110 | 110 | 139 | 139 | 99 | 68 | 54 | 63 | 39 |
| Cash Conversion Cycle | 75 | 86 | 119 | 95 | 49 | 66 | 121 | 117 | 99 | 89 | 115 |
| Working Capital Days | 24 | 32 | 17 | 28 | 19 | 61 | 94 | 81 | 80 | 70 | 89 |
| ROCE % | 28% | 23% | 23% | 29% | 28% | 21% | 24% | 26% | 27% | 21% |
Documents
Announcements
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Report On Transfer Requests Of Physical Shares Re-Lodged Under The Special Window
25 Oct - No transfer re-lodgement requests Sep 1–30, 2025 under SEBI special window.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 Oct - The transcript of audio call recording of the Company analyst call held on Thursday 16th October 2025 to discuss the unaudited financial results for the …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 Oct - Audio recording of analysts' call for quarter ended 30 Sep 2025; board approved results 15 Oct 2025.
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Announcement under Regulation 30 (LODR)-Investor Presentation
16 Oct - An inadvertent clerical/typographical error was identified on Page No. 5 of the said investor presentation. The figure for Total Number of Active Dealers was incorrectly …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Oct - Disclosure pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Oct 2025Transcript PPT
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Business Overview:[1]
Company manufactures and markets Extra-High Voltage (EHV), Medium Voltage (MV) and Low Voltage (LV) power cables. It caters to retail and institutional markets and also provides Engineering, Procurement and Construction (EPC) services